Electric Vehicle Depreciation: Values Plummet by 50%
Rapid Decline in EV Resale Prices
The depreciation of electric vehicles (EVs) has accelerated alarmingly, with some models losing up to $600 per day in value.
According to a recent study, the average used EV price has plummeted from $63,069 in September 2022 to $33,645.
Key Factors Driving Depreciation
- Saturation of the used EV market
- Increased competition from newer EV models
- High initial purchase prices of EVs
- Government incentives for new EV purchases
Komentar